Indian Creek Village is a private island in Miami Beach. It has only 40 waterfront estates surrounding a lush golf course and club. The lot sizes are incredibly large and the homes sitting on them are similarly grand. Homes in this area begin at a modest millions and go upwards of almost $100 million. Security on the island is two fold with both water and land security, securing the perimeter with government style efficiency. It is minutes away from Bal Harbour, shopping destination for the uber wealthy, and ten minutes from all the attractions and nightlife of South Beach. Ceos, celebrities, and royalty have called this island home, and it is truly an insulated paradise.

Our featured listing today in Indian Creek is the most expensive home on the island and one of the most expensive listings in Florida. 12 Indian Creek is listed at $42 million and is massive with over 21,000 interior square feet on a 2 acre lot. It has 7 bedrooms, 11 baths, and 3 half baths. The home was built relatively recently, completed in 2000 and has 200 feet of prime waterfront overlooking the Biscayne Bay and the Miami skyline. Amenities include a private theatre, elevator, 7 car garage, wine rooms, yoga room, billiards, and cabana house. Every inch of this home echoes old world elegance and it satisfies even the most elaborate tastes. For more information on this stunning listing, contact us today.

Property Values in Miami have increased since last year at approximately 3.1% county wide. For the past two years values have increased and this is wonderful news for homeowners. Those most likely to see their values increase were urban core properties, such as Mid-Town and Brickell and Ocean Front properties, such as the properties we feature on our site. The tax roll grew from $190.69 billion last year to $196.61 billion this year as well. It is not only individuals and foreign entitities investing in Miami Dade county either, increasingly we are witnessing hedge funds investing and developers coming back into play. These figures are subject to change in the coming months, but there are a number of implications that these initial numbers relay.

The areas that increased the most vary widely, but above any other, luxury communities gained the most. Indian Creek, one of the most exclusive enclaves of Miami, values increased a dramatic 19.5% from $431 million last year to $360 million. Bal Harbour increased by 15.4%, and Sunny Isles Beach increased by 10.2%. The areas that felt dips were Florida City, Opa-Locka, and Hialeah. Experts are on the fence about whether the growth is sustainable or how long it will last. Some believe that with building and continued investment the growth will continue over the next three to five years, and others believe increases in mortgage rates and interest rates will slow growth. If you are looking to see your homes assessed value, visit the Miami Dade Property appraisers website and remember to check if you qualify for a homestead exemption.